Mettler-Toledo International Inc. (NYSE:MTD) Stake Boosted by Torray Investment Partners LLC

Torray Investment Partners LLC boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 8.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,351 shares of the medical instruments supplier’s stock after purchasing an additional 106 shares during the quarter. Torray Investment Partners LLC’s holdings in Mettler-Toledo International were worth $1,888,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of Mettler-Toledo International in the second quarter worth $25,000. Rise Advisors LLC acquired a new stake in Mettler-Toledo International during the 1st quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new position in Mettler-Toledo International during the 4th quarter valued at about $27,000. Bellevue Group AG acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $30,000. Finally, Mather Group LLC. purchased a new stake in shares of Mettler-Toledo International in the first quarter worth approximately $32,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Shawn Vadala sold 250 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 0.9 %

Mettler-Toledo International stock traded down $11.83 during mid-day trading on Friday, hitting $1,374.68. 72,578 shares of the company’s stock were exchanged, compared to its average volume of 137,741. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,546.93. The stock has a 50 day moving average of $1,398.70 and a two-hundred day moving average of $1,363.24. The stock has a market cap of $29.36 billion, a P/E ratio of 38.61, a P/E/G ratio of 3.84 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The business had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. During the same quarter in the prior year, the firm posted $10.19 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, research analysts predict that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on MTD. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Citigroup upped their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research note on Monday, May 13th. The Goldman Sachs Group increased their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and an average target price of $1,356.25.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.